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For many of the world’s wealthy, hiding money in shell companies and offshore accounts is business as usual. Robert Palmer of Global Witness believes this may be about to change. The Panama Papers, a leak of some 11 million documents from Mossack Fonseca, a Panama-based law firm, have triggered a deluge of investigations into these murky practices. getAbstract recommends Palmer’s talk to anyone enraged by corruption among the rich, including high-placed government figures, who have deliberately hidden wealth in breach of international regulations.

In this summary, you will learn

What the Panama Papers revealed,

Why illicit offshore banking affects everyone and

How individuals can aid in efforts to end offshore tax evasion.

About the Speaker

Robert Palmer is the banks and corruption campaign leader at Global Witness, an organization that campaigns to end corruption in the global political and economic systems.

Summary

In April 2016, an insider at the Panamanian law firm Mossack Fonseca leaked 11 million documents, exposing the shady practice of establishing anonymous offshore companies...